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Vienna International Insurance Industry News
Read the latest headlines about developments in the international insurance industry in Vienna and Austria
Uniqa: Ambitious Growth Targets
The Austrian insurance group wants to put effort into selective growth. The CESEE region still has a remarkable substantial, CEO Brandstetter explains.
August 7, 2013
„CESEE Will Come Back“
Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.
August 6, 2013
Uniqa Places € 350m Capital Bond
UNIQA successfully places €350 million supplementary capital bond.
July 24, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
Highwater Damages for VIG Up to € 45 Million
Austria’s biggest insurer estimates with net costs double the amount than in 2002.
June 11, 2013
CESEE: Business Climate Index Dropped in April
Enterprises in CESEE countries remain cautious for the most part.
May 2, 2013
Austria: Immofinanz Group Acquires Berlin Residential Portfolio
Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.
April 22, 2013
Croatia to Sell HPB and Croatia Osiguranje
Croatia’s seventh biggest bank and biggest insurance company will soon be privatized. The selling of the stakes is supposed to generate up to € 300m for the state budget.
April 11, 2013
VIG: Acquisition of QBE Makedonija completed
Vienna Insurance Group (VIG) new market leader in Macedonia
April 9, 2013
VIG: Drastic Downsizing Measures in Romania
Because of increasing losses 450 employees will be made redundant.
April 4, 2013
Austria: Insurance Company Allianz Gains Profits
Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.
March 5, 2013
Uniqa: Out of the Red
The Austrian insurance group generates EBT of €205.4 million, up 44.9 per cent compared to 2010. Consolidated profit totals €130.2 million.
February 22, 2013
Generali to Expand into CESEE Region
The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.
January 8, 2013
Uniqa Sells Hotel Investments
The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).
December 18, 2012
Slovenia: Austrian Grawe Will not Take Over ZM
The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.
November 30, 2012
Uniqa: Earnings and Net Income Improved Substantially
EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.
November 28, 2012
VIG: Satisfying Results Ahead
Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.
November 23, 2012
VIG Considers Expanding Further
Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.
October 24, 2012
Grawe Bids for Zavarovalnica Maribor
The Austrian insurance group wants to take over the Slovenian insurer Zavarovalnica Maribor (ZM). ZM´s management prefers Slovenian bidders.
October 10, 2012
Slovenia: Second-Largest Insurance Group to be Sold
The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):
October 8, 2012
UNIQA Group: S&P Confirms Rating
S&P confirms "A-" ratings on the operational UNIQA core companies. Outlook remains "stable".
October 3, 2012
Vienna Insurance Group Becomes Market Leader in Macedonia
After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.
September 17, 2012
„Becoming Number Five Until 2015“
In an interview with the Austrian newspaper „Presse“, Uniqa´s CEO Andreas Brandstetter is optimistic to become a big player in the insurance industry in the CESEE region.
September 15, 2012
UNIQA Establishing Market-Friendly Group Structure
The Austrian insurance group aims to create a new, streamlined Group structure to prepare for the Re-IPO.
September 11, 2012
Re-IPO to Increase Uniqa´s Free Float
In 2013 or 2014, the Austrian insurance company plans a Re-IPO. At the moment, the preparations are already under way.
August 29, 2012
VIG Withdraws from Russia
Vienna Insurance Group concludes sale of holdings in Russian Insurers MSK Life, SG MSK and SoVita.
August 29, 2012
Uniqa Records Strong Results
Today, the Austrian insurance group announced an increase in EBT by 43.2% to € 106.5m. Consolidated profit increases by 67.1% to € 57.3m. Recurring premiums are up 0.8% to € 2,583.0m.
August 29, 2012
Uniqa´s Net Income Expected to Triple
According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.
August 28, 2012
VIG Aims to Expand in Poland
Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.
August 23, 2012
VIG to Grow in Hungary
Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.
August 22, 2012
Uniqa Interested in NKBM´s Insurance Subsidiary
The Austrian insurance group aims to grow in Slovenia. The financially stricken bank sells a 51% stake of the insurance business.
August 21, 2012
Allianz Austria: Stable Earnings and Rising Premium Income
In the first quarter of 2012, Allianz Austria recorded a 24% slump in earnings. Pre-tax profits grew slightly.
August 21, 2012
VIG: Stable Results Ahead
Next Wednesday, Vienna Insurance Group publishes its half-year results. Analysts predict a slight growth in premium income.
August 20, 2012
VIG Streamlines its Market Presence in Poland
Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.
August 1, 2012
Bawag and Generali Extend Cooperation
The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.
July 23, 2012
Vienna Insurance Group: Still Growth Potential in CESEE
VIG´s new CEO Peter Hagen aims to achieve external as well as internal growth. The process of catching up will go on.
July 20, 2012
€ 500m Cash Capital Increase by Uniqa Completed
Upon termination of the subscription offer, Austrian UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase.
July 13, 2012
Stable Development in Austrian Insurance Sector
The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.
June 30, 2012
Uniqa Completes Sale of Mannheimer Group
The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.
June 29, 2012
Uniqa Initiates Cash Capital Increase
The Austrian insurance company improves its equity base via a Re-IPO. The size of cash capital increase reaches € 500m.
June 26, 2012
VIG to Invest in CEE Real Estate
The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.
June 20, 2012
Uniqa Acquires EBRD’s Interests in Subsidiaries in CESEE
The Austrian insurance group concluded an agreement for the acquisition of EBRD’s interests in subsidiaries in Croatia, Poland and Hungary.
June 20, 2012
Austrians Highly Care About Retirement Provision
Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.
June 8, 2012
Allianz Austria Records Higher Earnings
The Austrian subsidiary of the German insurance group could achieve a higher premium intake and and increase in earnings.
May 31, 2012
New Supervisory Board at Uniqa
New Supervisory Board Chairman of the Austrian insurance group is RZB´s CEO Walter Rothensteiner, who succeeds Christian Konrad.
May 30, 2012
VIG: Hagen Succeeds Geyer
Peter Hagen will succeed Günter Geyer as CEO of Vienna Insurance Group with effect from 1 June. “Management continuity puts the Group on a stable basis” the company says.
May 29, 2012
Uniqa: Profits Up by 20%
Profit on ordinary activities increased by 20.2% to € 54.4m. Group profit up 13.8% to € 30.4m. The PIIGS exposure reduced by 43% to € 1,166m compared with 31 December 2011.
May 25, 2012
VIG in Line with Expectations
Group premiums of the Austrian insurance group grew by 5.5 percent to more than € 2.7bn. Increase in Group profit (before taxes) by 6.0 percent to € 151.4m.
May 23, 2012
Grazer Wechselseitige Posts Profit Decrease
Due to the Hungarian business segment, the Austrian banking and insurance group recorded a decline in net income to € 58m from € 69m.
May 16, 2012
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